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http://dx.doi.org/10.5370/KIEE.2014.63.7.889

A Study of Restructured Residential Electricity Pricing toward the Competitive Power Market  

Kim, Min-Jeong (Project Expert Group, Economics & Management Research Institute)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.63, no.7, 2014 , pp. 889-895 More about this Journal
Abstract
Korea electric power industry had been under vertical monopoly but is typically getting restructured for free competition. An ideal pricing system under the competitive market system is 'unbundled pricing system' and 'marginal pricing system', but the current pricing system still adheres to the traditional bundled system and the average cost pricing system. Especially, progressive electricity rates for residential use reflect governmental policy-making which is focused on income redistribution & welfare, industrial supports and energy saving. This study proposes new and reasonable residential electricity pricing systems which are Time-Of-Use (TOU) and Real-Time Pricing (RTP) to reflect variations in the wholesale price of electricity. It also presents examples of various tariffs for residential electricity pricing systems.
Keywords
Residential electricity pricing; Progressive electricity rates; Restructured residential electricity pricing; Time-of-use; Real-time pricing;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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